Table of Contents As filed with the Securities and Exchange Commission on February 12, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 6211 86-2376416 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) Amendment No. 5 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Clear Street Group Inc. ...

Core Viewpoint - AtlasClear Holdings has entered into a definitive Share Purchase Agreement to acquire 100% of Commercial Bancorp, the parent company of Farmers State Bank, which is a profitable Federal Reserve member bank [3][4]. Group 1: Transaction Details - The acquisition will be predominantly equity-based, with approximately 73% of the total sale consideration paid in AtlasClear common stock, aligning with the company's long-term growth strategy [4]. - The transaction is expected to streamline regulatory processes, preserve cash, and align incentives through equity ownership, ultimately leading to full ownership of a profitable bank [5][6]. - The acquisition will provide AtlasClear with access to a regulated banking infrastructure, including deposit capabilities, payment rails, and lending functionality, supporting its long-term strategy [6]. Group 2: Regulatory and Closing Conditions - Completion of the acquisition is subject to customary closing conditions, including regulatory approvals from the Federal Reserve Board and the Wyoming Division of Banking [7]. - Additional details regarding the transaction will be included in the Company's Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission [7]. Group 3: Company Overview - AtlasClear Holdings is focused on building a modern, technology-enabled financial services platform aimed at modernizing trading, clearing, settlement, and banking for emerging financial institutions and fintechs [8]. - The company aims to deliver a vertically integrated suite of brokerage, clearing, risk management, regulatory, and commercial banking solutions through its subsidiary and the acquisition of Commercial Bancorp [8].

Company Overview - Nasdaq, Inc. is a global financial technology and exchange operator, valued at $50.5 billion, known for running the Nasdaq stock market, one of the largest electronic trading platforms worldwide [1] Stock Performance - Over the past year, Nasdaq's shares have underperformed the broader market, gaining only 3.2% compared to the S&P 500 Index's increase of nearly 12.2% [2] - Year-to-date, Nasdaq stock is down 12%, while the S&P 500 has experienced a marginal dip [2] Competitive Position - Nasdaq has outperformed the State Street SPDR S&P Capital Markets ETF, which gained about 1.2% over the past year, while Nasdaq's performance has lagged behind the ETF's 12% year-to-date increase [3] Financial Performance - In Q4 2025, Nasdaq reported a 13% increase in net revenue to $1.4 billion, driven by a 14% growth in Financial Technology and a 23% surge in Index revenue [5] - Annual Recurring Revenue (ARR) reached $3.1 billion, up 10%, with SaaS revenue comprising 38% of total ARR [5] - Non-GAAP EPS increased by 27% year-over-year to $0.96, and shareholder returns were strengthened through $439 million in dividends and share buybacks, alongside a $100 million debt repayment [5] Earnings Expectations - For the current fiscal year ending in December, analysts project an 8.9% growth in EPS to $3.79 on a diluted basis [6] - Nasdaq has a strong earnings surprise history, beating consensus estimates in the last four quarters [6] - Among 18 analysts covering Nasdaq stock, the consensus rating is a "Moderate Buy," with 11 "Strong Buy" ratings, three "Moderate Buys," and four "Holds" [6]

Core Insights - Regulatory changes have allowed technology firms, including Block, to increase investment in Europe, particularly in digital payments [1] Company Developments - Block has opened a new office in Dublin, which is seen as a commitment to the European market and aims to foster financial technology innovation [2] - The Dublin office features a product demo lab, workspaces, and community engagement spaces to facilitate discussions on public policy and regulations affecting businesses [3] - Block's new office will provide access to technology developers for its sellers, including small businesses and merchants, and will showcase various products, including Tidal and a self-custody bitcoin wallet [4] Competitive Landscape - Block is competing with other firms like Adyen, PayPal, and Stripe, which are also expanding their merchant payment technologies in Europe [5] - The company aims to enhance its product development visibility through a "cafe" space that will be open to developers and businesses [5]

Industry Overview - Financial technology (fintech) is transforming the global financial landscape by enhancing speed, accessibility, and customer focus in financial services through advanced technologies like AI, blockchain, Big Data, and cloud computing [1] - Fintech is significantly improving financial inclusion, allowing millions of unbanked and underbanked individuals to access financial services through digital wallets, mobile banking, and peer-to-peer lending [2] - Innovations in fintech have made cross-border payments faster and more affordable, disrupting traditional banking and investment models [2] Payment and Lending Transformation - Fintech has revolutionized payment and lending systems with contactless payments, buy-now-pay-later services, and app-based loans, increasing convenience for consumers and efficiency for businesses [3] - In capital markets, the emergence of robo-advisors and algorithm-based trading platforms is democratizing investments by lowering costs and reducing entry barriers [3] Transparency and Cybersecurity - Fintech enhances transparency and cybersecurity, with blockchain technology enabling secure transactions and AI tools improving fraud detection and risk management [4] - Traditional financial institutions are encouraged to innovate and collaborate due to the evolving fintech landscape, leading to a more agile and technology-driven financial ecosystem [4] Company Highlights: SoFi Technologies, Inc. (SOFI) - SoFi is reshaping traditional finance with its app-based digital banking platform, boasting a membership base of over 10 million and a comprehensive suite of services [6] - The company's B2B platform, Galileo, broadens revenue streams and strengthens its position in the embedded finance space, enhancing credibility and market reach [7] - SoFi's land-and-expand strategy fosters strong cross-selling opportunities, deepening customer engagement and retention [8] - The Zacks Consensus Estimate for SOFI's 2026 sales and EPS indicates year-over-year growth of 29.1% and 51.3%, respectively [9] Company Highlights: Visa Inc. (V) - Visa's market dominance is supported by consistent volume growth, strategic acquisitions, and innovations in digital payments [10] - The company is investing in digital security and technologies, such as contactless payments and tokenization, to adapt to the digital shift [11] - Visa's AI-driven security tools are in high demand, with the company embedding AI into over 100 products for fraud prevention [13] - The Zacks Consensus Estimate for V's fiscal 2026 sales and EPS suggests year-over-year growth of 11.2% and 11.8%, respectively [13] Company Highlights: Robinhood Markets, Inc. (HOOD) - Robinhood democratized finance with commission-free stock trading and is expanding its offerings beyond the core trading app through strategic acquisitions and new products [14] - The company operates in multiple financial sectors, including stock and ETF trading, options trading, and cryptocurrency transactions, aiming to diversify revenue streams [15] - Robinhood is pursuing growth through acquisitions and product innovation, including plans to acquire Indonesian entities and launch new tools for sophisticated investors [16][17] - The Zacks Consensus Estimate for HOOD's 2025 sales and EPS implies year-over-year growth of 53% and 85.3%, respectively [18]

Core Insights - SoFi Technologies reported Q4 financials with revenue surpassing $1.0 billion for the first time, addressing previous skepticism about its performance [1] Financial Performance - The company achieved record revenue in Q4, marking a significant milestone in its financial growth [1] - The revenue growth indicates strong demand for its financial technology services and products [1]

Core Viewpoint - Intercontinental Exchange, Inc. (ICE) is set to present at the UBS Financial Services Conference, highlighting its role as a leading global provider of technology and data in the financial sector [1]. Group 1: Company Overview - Intercontinental Exchange, Inc. is a Fortune 500 company that designs, builds, and operates digital networks connecting people to opportunities [2]. - The company provides financial technology and data services across major asset classes, enhancing transparency and efficiency for its customers [2]. - ICE operates futures, equity, and options exchanges, including the New York Stock Exchange, and offers clearing houses that facilitate investment, capital raising, and risk management [2]. - The company is a significant player in trading and clearing energy and environmental products, and its fixed income, data services, and execution capabilities help streamline processes for customers [2]. - ICE Mortgage Technology is transforming U.S. housing finance, covering the entire process from consumer engagement to long-term servicing [2]. Group 2: Event Details - Warren Gardiner, CFO of ICE, will present at the UBS Financial Services Conference on February 9 at 11:20 a.m. ET [1]. - The presentation will be available live and for replay via webcast, accessible through the investor relations and media section of ICE's website [1].

Core Insights - Investing in the intersection of financial services and technology offers significant opportunities, with one fintech stock, Nu Holdings, experiencing a 62% increase in 2025 and a 364% rise over the past three years as of January 12 [1] Company Performance - Nu Holdings has shown remarkable financial performance, with a 42% year-over-year revenue increase in Q3 2025, and analysts project a 31% revenue growth for 2026, indicating a strong growth trajectory [3][4] - The company has expanded its customer base significantly, reaching 127 million customers by the end of Q3 2025, up from 70 million three years prior, with a strong presence in Brazil where 60% of the adult population are customers [4] Market Potential - Latin America presents long-term growth potential due to a high number of unbanked and underbanked individuals, coupled with increasing smartphone and internet penetration, which positions Nu for continued success [5] Valuation and Investment Opportunity - Nu Holdings is currently trading at a forward price-to-earnings ratio of 21.8, which is attractive compared to the S&P 500's 22.4 multiple, suggesting that investors are not overpaying for the stock [6] - The company's scalable digital banking model, which avoids significant operating costs associated with physical branches, has led to substantial growth in both revenue and customer numbers, making it an appealing investment opportunity [7]

Core Insights - MercadoLibre is projected to potentially triple in value over the next decade, making it a strong investment opportunity for 2026 [1] - The company has demonstrated consistent revenue growth, achieving over 1,500% increase in revenue over the past seven years with at least 30% year-over-year growth for 27 consecutive quarters [2] Business Performance - MercadoLibre's e-commerce segment is thriving, with nearly 77 million active buyers, a 26% increase, and a 39% rise in items sold in Q3 [6] - The advertising revenue is accelerating, with growth rates of 41%, 50%, 59%, and 63% over the last four quarters, contributing positively to profit margins [7] Logistics and Efficiency - Despite concerns over profit impacts from lowering the free shipping threshold in Brazil, MercadoLibre is improving shipping efficiency, with shipping expenses per item sold dropping 8% quarter over quarter [8][9] - The company is utilizing robotics in warehouses and optimizing network utilization to reduce costs, which supports long-term growth strategies [9] Financial Services Growth - MercadoLibre's fintech services have over 72 million active monthly users, reflecting a 29% increase, and the company is expanding its offerings in credit and lending services [10] Revenue Potential - The company is expected to reach nearly $100 billion in annual revenue within a decade if it maintains low double-digit annual growth rates, indicating significant growth potential in an underpenetrated market [11] Valuation - MercadoLibre's market cap is approximately $110 billion, with a trailing-12-month cash from operations of about $7.7 billion, resulting in a valuation of around 14 times its operating cash flow, which is considered historically cheap [12] - Compared to Amazon, which trades at 20 times its cash from operations, MercadoLibre's faster growth and longer runway for expansion suggest it is undervalued [13] Future Growth Opportunities - The company is likely to explore new growth avenues, particularly in advertising, which has recently become a significant revenue source, indicating potential for further expansion beyond current business units [14]

Core Insights - Jack Henry & Associates, Inc. announced that seven financial institutions received WebAwards for their websites built using Jack Henry's web hosting and design services, highlighting the company's role in enhancing digital experiences in the financial sector [1][2]. Group 1: Awards and Recognition - The financial institutions recognized with the 2025 WebAwards include Outdoor Bank, First State Bank & Trust, TexasBank, Southwest Bank, Houston Federal Credit Union, Azura Credit Union, and TEXAR Credit Union, showcasing their commitment to modern and user-centric digital experiences [2]. - The Web Marketing Association's WebAwards program, now in its 17th year, is the longest-running annual website award competition, evaluating sites across 96 industries based on criteria such as design, innovation, and ease of use [3]. Group 2: Client Success Stories - Joette Barr, Vice President of Marketing at First State Bank and Trust, expressed satisfaction with the collaboration with Jack Henry, emphasizing the professionalism and guidance received during the website development process [3]. - Aaron Barnes, Vice President of Marketing for Houston Federal Credit Union, highlighted that Jack Henry's design and hosting solutions align with their mission to provide personal, secure, and effortless digital experiences for their members [3]. Group 3: Company Overview - Jack Henry & Associates, Inc. is a financial technology company that connects financial institutions with their clients, offering a range of modern capabilities and integration options with leading fintechs [5]. - The company serves approximately 7,400 clients, focusing on innovation, personal service, and solutions that enhance financial health [5].